compute the ammount of goodwill resulting from the purchase

company, Sport Shoes, Inc. Assume that Weebok acquired Sport Shoes on January 5 of the current year. Weebok acquired the name of the company and all of its assets for $518,000 cash. Weebok did not assume the liabilities. The transaction was closed on January 5 of the current year, at which time the balance sheet of Sport Shoes reflected the following book values and an independent appraiser estimated the following market values for the assets: Sport Shoes, Inc. Book Value $ 40,000 228,000 30,000 9,000 $ 307000 $ 74000 233,000 $ 307000 Market Value anuary 5 of the Current Year Accounts receivable (net) Inventory Fixed assets (net) Other assets Total assets Liabilities Stockholders equity Total liabilities and stockholders equity $ 40,000 197000 45,500 12,000